Solutions
Luxembourg continues to see net inflows of capital and is now the world’s second largest fund centre with, as of August 2018, EUR4.3 trillion worth of net assets under management, and this only in regulated funds, according to the Association of the Luxembourg Fund Industry (ALFI).
Luxembourg was the first EU jurisdiction to introduce the AIFM Directive, drafting a law and filing it with the Luxembourg parliament on August 24th, 2012 well ahead of the July 2013 deadline. Since then, the Grand Duchy has increasingly embraced moving away from traditional retail cross-border fund distribution under UCITS to become a real
Fuchs Asset Management SA (‘Fuchs AM’) is the Management Company (‘ManCo’) within the family-owned Fuchs Group located in three jurisdictions: Luxembourg, Belgium and Switzerland. As an authorised AIFM, it provides the services and the knowledge (governance, risk management & compliance, portfolio management and distribution) for asset managers, private banks, family offices and entrepreneurs wishing to launch AIFMD & UCITS compliant vehicles as easily as possible.
Over the last four years, Fuchs AM has been expanding its AIFM capabilities to support investment managers, including private equity managers, who have deep investment expertise but aren’t necessarily equipped to run their own regulated
In a recent article with Private Equity Wire seven months ago, Sean Murray, Managing Director, Alternative Assets (EMEA) at SANNE – a leading provider of alternative asset and corporate administration services with more than EUR235 billion in AuA – discussed a definitive trend among PERE fund managers to outsource their internal accounting and reporting processes.
This trend shows no sign of abating as global PE/RE groups look towards Europe, and specifically Luxembourg, to develop global distribution hubs.
Brexit is another unavoidable catalyst. Brexit has contributed to some of the growth we are seeing in Luxembourg as fund managers are looking for stability
Luxembourg’s funds industry enjoyed a good period of growth last year, a period during which assets under management grew, on average by 15 per cent, asset flows grew by 5 per cent, profits grew by 10 per cent, while margins were broadly maintained somewhere close to 37 per cent.
As of August 2018, total fund AUM in Luxembourg stood at EUR4.27 trillion, up 7.15 per cent year-on-year. Interestingly, US fund sponsors account for the largest market share, equivalent to 20 per cent of total AUM, followed by Great Britain (17.6 per cent), Germany (14. 4 per cent) and Switzerland
Northern Trust has processed the first live capital call using distributed ledger technology for Emerald Cleantech Fund III, adding a significant new capability to its blockchain solution for private equity fund administration.
The fully automated capital call administration functionality was deployed for Emerald Cleantech Fund III, a venture capital fund focused on technology companies. Investment advisor Emerald Technology Ventures utilised Northern Trust’s private equity blockchain for the fund’s capital call administration, endorsing Emerald’s commitment to technology leadership in alternative asset administration operations. The capital call, executed by Northern Trust and Emerald Cleantech Fund III, involved parties in the investment advisor’s
OMERS Private Equity, the private equity arm of OMERS, is to to sell MatrixCare Holdings (MatrixCare) to ResMed Operations (ResMed) for USD750 million.
Based in Minneapolis, Minnesota, MatrixCare is an industry leading, SaaS-based, long-term post-acute care (LTPAC) technology provider used in more than 13,000 facility-based care settings and 2,500 home care, home health and hospice organisations.
“We first acquired MatrixCare as part of a larger acquisition in 2010. Since bringing John Damgaard in as CEO in 2012, OMERS has worked with John and the Company to enhance its ability to serve customers across the LTPAC continuum,” says Mark Van Wart, Managing
Frontenac, a Chicago-based private equity firm, has completed the sale of GNAP, a distributor of industrial abrasive products, equipment, specialty ceramics and ancillary services to CenterOak Partners.
Terms of the transaction have not been disclosed.
GNAP was formed in 2005 through a merger between Grand Northern Products and Abrasive Products. Since Frontenac recapitalised GNAP with the owner operators in 2014, the Company has achieved strong organic growth and completed four acquisitions, making it the market-leading speciality distributor of consumable abrasive products for surface enhancement and specialty ceramics applications. GNAP represents more than 550 global suppliers and serves over 5,000
US-based private equity fund administrator Gen II Fund Services, has reported assets under management (AUM) in excess of USD235 billion.
“This achievement is further evidence of the value that the private equity community derives from a premier fund administration partner – one that consistently demonstrates industry-best performance, market leading technology, and a dedicated focus on private equity,” says Steven Millner, Gen II Managing Principal.
“The private equity and investor community are each placing increasing importance on operational infrastructure, and Gen II has become the administrator of choice for sponsors seeking a focused and long-term partner.”
Gen II now
Investx, a blockchain-based SME funding platform, has opened its Initial Coin Offering (ICO) pre-sale. The ICO will follow ‘ethical ICO’ principles, in order to reduce risk for potential investors and maximise long-term token value.
SMEs are considered the powerhouse of economies, but due to difficulties in obtaining new capital, the growth of these established businesses is often constrained. Most SMEs don’t want to take on significant amounts of unsecured debt, and equity alternatives such as a public share listing is expensive and onerous.
For potential investors, outside of venture capital and private equity funds, it’s difficult to make an
Following receipt of regulatory approval from the Commission de Surveillance du Secteur Financier (CSSF), Centaur has completed its purchase of Luxembourg Capital Partners SA and is now open for business in the Grand Duchy.
Centaur’s Luxembourg office will focus on servicing private equity and real estate funds and related corporate entities.
Centaur recently acquired Luxembourg Capital Partners, an existing administration firm, which provides a full suite of fund administration services to funds, family office and corporate vehicles. This acquisition brought Gerry Salucci and a team of experienced industry professionals to Centaur to spearhead the establishment and growth of Centaur
Events
12 November, 2026 – 8:00 am
12 November, 2026 – 5:00 pm
